BNP Paribas has been mandated by ProCapital, an investment services provider and subsidiary of Crédit Mutuel Arkéa. The mandate covers European markets and includes local and global custody, clearing, securities lending, AutoForex, execution and clearing of listed derivatives.
ProCapital will deploy BNP Paribas’ execution-to-custody solution, ensuring the integration of cash equities trade execution in Germany, Switzerland and Austria with their local and global custody. ProCapital will also leverage the centralised booking model offered by securities services, which provides direct access to multiple European markets through an infrastructure for clearing, settlement and local custody. This new mandate extends ProCapital‘s relationship with BNP Paribas, which has provided it with local and global custody services in the U.S. since 2021.